Stocks, Commodities Crushed On ECU Purchasing Report!

By Todd Horwitz, June 22nd, 2012 | Market News | 0 Comments

Two days after having the highest close in two months stocks had one of the worst days of the year.

Last night the European Economic Unit released a report showing that the manufacturing sector is leading the way lower and that the “double dip” recession that started a couple of months ago seems likely to be worse than even the gloomiest forecasts.

Stir in a little political turmoil in the Middle East, reports from the Far East that China’s economy might not be growing at the rate that was expected, and you have the mix for an ugly day, and not just in the US but around the world.

All major markets were lower today with both the S&P 500 and the DJIA shedding more than 1.8%. No sector of the economy was safe as more than ninety per cent of the DJIA stocks had a negative day.

Not only did equities fare poorly, commodities joined in with the rout.

Crude Oil had another bad day and lost over 3.5% of its value with the August 2012 contract closing lower than $79 a barrel for the first time since last September. In less than six weeks Crude Oil has lost more than 25% of its value.

Gold bugs have been having a difficult time for the past four months and after Thursday’s rout of over $48 an ounce it is approaching yearly lows near $1540 an ounce.  Apparently Gold is no longer a haven in times of troubles, because it is now down more than 17% since it February highs.

It always looks darkest before dawn, and it is too early to tell whether Gold and Crude Oil are making yearly lows, and if troubles in the commodity markets will spill over into the equity markets, but no matter what happens the market will provide us with plenty of opportunities if we know how to react to trail that they are going to leave us to follow. Taking trails and discovering opportunities is what I teach my students. No matter where the markets are headed it will take discipline to prosper.

I have hundreds of satisfied students that learned the skill of turning problems into opportunity and I can teach you too.  To reach me, and have me work with you one on one, contact one of my financial consultants by clicking here:

http://averagejoeoptions.com/tosqual/

As Always,

Keep those stops tight.

Todd “Bubba” Horwitz

P.S. We run the fastest growing online options community. With weekly webinars and a very energetic forum, my team and I are always looking for great risk/reward opportunities. Click on the link below and become a member of my community today.

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— Todd Horwitz